SEOUL, March 19 (Korea Bizwire) – The popular K-pop boy band EXO will release its second full-length album “Exodus” this week, its management said Thursday. The new album, the first by the group since “Overdose” in December, is scheduled to hit the market on Friday, S.M. Entertainment said. Some of the tracks on the new album were unveiled [...]
SEOUL, March 19 (Korea Bizwire) – South Korean retailers and furniture makers are turning to the homeware business, a nascent industry awakened by the local opening of Swedish furniture giant IKEA that promises big growth ahead as South Koreans begin to renovate and decorate their aging homes. Over the past year, a handful of homeware stores [...]
SEJONG, March 19 (Korea Bizwire) — South Korea will aim to nearly double its exports over the next decade through a second manufacturing boom that infuses production with advanced technology, the trade ministry said Thursday. The measures approved at the trade-investment promotion committee meeting in Seoul include a 1 trillion won (US$885 million) state-private joint [...]
SEOUL, March 18 (Korea Bizwire) – Ssangyong Motor’s trade union strongly condemned the company’s actions as it cut some of the “Locks of Hope” placed by activist citizens on the wired fence surrounding its Pyeongtaek plant. Citizens placed the locks on the fence in a gesture of hope for the resolution of labor disputes currently [...]
SEOUL, March 18 (Korea Bizwire) – An ex-convict was involved in a lengthy car chase as he attempted to avoid a drunk driving roadblock, and was finally caught after colliding with a police patrol car. Although the man only drank one cup of beer, his actions have resulted in criminal charges. On March 17, Gangdong [...]
JEJU, March 18 (Korea Bizwire) — It isn’t too far fetched to say that Jeju Island‘s attempt at promoting itself as a test bed for the newly-rising electric vehicle (EV) industry has caught on, at least in terms of demonstrating the zeal to realize its ambitious plans. The second International Electric Vehicle Expo (IEVE) on the [...]
SEJONG, March 18 (Yonhap) — South Korea’s jobless rate rose sharply in February from a month earlier due to seasonal factors and more people seeking work, a government report said Wednesday. According to the report by Statistics Korea, the jobless rate stood at 4.6 percent last month, up from 3.8 percent in January and 0.1 [...]
SEOUL, March 17 (Korea Bizwire) – MBC, the producer of the famous real variety program “Infinite Challenge,” will create a Chinese version of the program in partnership with CCTV. MBC announced that it would hold a production press conference to announce the advancement of the program into China, and sign an MoU with CCTV to jointly [...]
SEOUL, March 17 (Korea Bizwire) – Sinkholes, dropping water levels at the nearby Seokchon Lake and frequent safety accidents at Korea’s tallest skyscraper have raised questions about its safety. To dispel concerns over Lotte World Tower, which is scheduled to be completed by the end of next year, Lotte Group is contemplating the establishment of a [...]
“We had a solid tournament. If we’d been knocked out of the group stage, it would’ve been a different story. However, the fact of the matter is we finished as the runner-up. In order to win in the future and to keep improving, we have to make changes where necessary. We won’t improve at all [...]